Your Complete Monthly Newspaper for Coins, Paper Money, Antiques, Collectibles & Stamps Year 2 • Issue 5 st 1 May 2010 Pages 10 Rs. 25/- Editor: Dr. Dilip Rajgor Editorial Office: Reesha Books International Reesha Group, 7-8-9 Gupta Niwas, V.P. Road, Mulund (W), Mumbai - 400 080 INDIA | Telefax: 022-2561 4360 Cell: 0 98692 82585 | [email protected]Printed Matter - Book Post For Private Circulation only FREE download at www.gullak.in ISSN 0975-8062 Last Date to send your Matter, Report, Photos, Articles and Advertisements: th 20 of Every Month India’s largest circulating Hobby Newspaper Mahakshatrapa Ishvaradatta: An Oddity amongst Western Kshatrapas By Abhay Vedpathak Western Kshartrapas were the rulers in Gujarat, Saurashtra and Malwa regions. Their coinage has a special place in Indian numismatic history. Western Kshatrapas were the first (Rudrasimha onwards) who introduced the dating on their coins. The years (in Saka era) are mentioned in Brahmi numerals on the obverse behind the head. Moreover, on the reverse side Western Kshatrapa rulers provide the legend giving genealogical details by mentioning king's name along with his father's name and also their respective title as Kshatrapa or Mahakshatrapa. However, one of the kings associated with Western Kshatrapa coinage, Mahakshatrapa Ishvaradatta, stands out from the rest of the rulers. It must be said that his coins were found with that of the other Western Kshatrapa kings at various hoards such as Uparkot, Sarvania, Sonepur, Ranjangaon, etc. and portrayal of the bust on the obverse and symbols on reverse, as also metallic content of his coins, are all very much like the rest of the Western Kshatrapa coinage. However, his coins differ from other Western Kshatrapa coinage in significant manner in certain respects. Firstly, his coins do not mention date on the obverse. Secondly, the Brahmi legend on reverse mentions Regnal year (either prathame or dvitiye, first or second, respectively) and omits reference to his father, which was contrary to the standard practice with the Western Kshatrapas. Also, his name is somewhat dissimilar to the established name pattern of the Western Kshatrapa rulers. Bhagwanlal Indraji identify him as an Abhira king mentioned in Nasik inscription though there is no historical proof, either literary or numismatic, to verify this association. Mitchiner also identifies Ishvaradatta as an Abhira king. However, he goes ahead one step and states that by the time he came to rule, the Kardamaka family had become subservient to this Abhira family, citing Nagarjunkonda inscription. However, this fact appears to be untenable (except for a few years when Ishvaradatta issued his own coinage), as it is highly unlikely that the overlords would allow feudatories to mint coinage rather than themselves. In the absence of a Saka year, and on the basis of similarity of portrayal of the king's bust and especially stylization of eye features, as noted by Rapson, the reign of Ishvaradatta is placed around the time of Viradaman, Yashodaman or Vijayasena. However, recently Gokhale has published a dated coin of Isvardatta. Though reading of date on this coin was subject to controversial interpretation, Jha & Rajgor has now put the date as 164 on the basis of paleographic evidence. This also confirms that Ishvaradatta was a contemporary of Vijayasena. In all probability, Ishvaradatta either usurped sovereign power from Vijayasena demoting him to subordinate Kshatrapa stature or alternatively, captured a part of Western Kshatrapa territory and proclaimed himself as Mahakshatrapa. In light of the above, it can be concluded that though Ishvaradatta minted the coins similar to the Western Kshatrapa coinage, the same cannot be considered as part of Western Kshatrapa coinage. References Amiteshwar Jha & Dilip Rajgor (1994). Studies in the Coinage of the Western Kshatrapas. Michael Mitchiner (1978). The Ancient & Classical World 600 BC- AD 650. 210) George V, Rs. 100, Madras, signed J. W. Kelly, About Very Fine. Realized- Rs. 1,90,000 195) Viceroy's Presentation Medal for Rifle Shooting, Very Fine. Realized- Rs. 1,40,000 119) Victoria Queen, Gold, 10 Rupees, 1870, Calcutta Mint, Restrike-Proof, Extremely Rare. Realized- Rs. 2,45,000 69) Tipu Sultan, Gold, Double Pagoda, Patan Mint, About Extremely Fine, Great Rarity. Realized- Rs. 3,85,000 17) Guptas, Kumaragupta I, Gold, Dinar, Tiger-Slayer type, Very Fine+, Extremely Rare Realized- Rs. 3,50,000 Todywalla House, 80 Ardeshir Dady Street, Khetawadi, Mumbai 400 004. India. Tel: [email protected]Highlights of Ahmedabad Auction # 42 207) British India, George V, Bundle of Re. 1, Sign. J. W. Kelly, Fine+. Realized Rs. 2,00,000
Transcript
Your Complete Monthly Newspaper for Coins, Paper Money, Antiques, Collectibles & Stamps
Printed Matter - Book PostFor Private Circulation only
FREEdownload at
www.gullak.in
ISSN 0975-8062
Last Date to send your Matter, Report, Photos, Articles and Advertisements:
th20 of Every Month
India’s largest circulating Hobby Newspaper
Mahakshatrapa Ishvaradatta: An Oddity amongst Western Kshatrapas
By Abhay Vedpathak
Western Kshartrapas were the rulers in Gujarat, Saurashtra and Malwa regions. Their coinage has a special place in Indian numismatic history. Western Kshatrapas were the first (Rudrasimha onwards) who introduced the dating on their coins. The years (in Saka era) are mentioned in Brahmi numerals on the obverse behind the head. Moreover, on the reverse side Western Kshatrapa rulers provide the legend giving genealogical details by mentioning king's name along with his father's name and also their respective title as Kshatrapa or Mahakshatrapa.
However, one of the kings associated with Western Kshatrapa coinage, Mahakshatrapa Ishvaradatta, stands out from the rest of the rulers. It must be said that his coins were found with that of the other Western Kshatrapa kings at various hoards such as Uparkot, Sarvania, Sonepur, Ranjangaon, etc. and portrayal of the bust on the obverse and symbols on reverse, as also metallic content of his coins, are all very much like the rest of the Western Kshatrapa coinage.
However, his coins differ from other Western Kshatrapa coinage in significant manner in certain respects. Firstly, his coins do not mention date on the obverse. Secondly, the Brahmi legend on reverse mentions Regnal year (either prathame or dvitiye, first or second, respectively) and omits reference to his father, which was contrary to the standard practice with the Western Kshatrapas. Also, his name is somewhat dissimilar to the established name
pattern of the Western Kshatrapa rulers. Bhagwanlal Indraji identify him as an Abhira king mentioned in Nasik inscription though there is no historical proof, either literary or numismatic, to verify this association. Mitchiner also identifies Ishvaradatta as an Abhira king. However, he goes ahead one step and states that by the time he came to rule, the Kardamaka family had become subservient to this Abhira family, citing Nagarjunkonda inscription. However, this fact appears to be untenable (except for a few years when Ishvaradatta issued his own coinage), as it is highly unlikely that the overlords would allow feudatories to mint coinage rather than themselves.
In the absence of a Saka year, and on the basis of similarity of portrayal of the king's bust and especially stylization of eye features, as noted by Rapson, the reign of Ishvaradatta is placed around the time of Viradaman, Yashodaman or Vijayasena. However, recently Gokhale has published a dated coin of Isvardatta. Though reading of date on this coin was subject to controversial interpretation, Jha & Rajgor has now put the date as 164 on the basis of paleographic evidence. This also confirms that Ishvaradatta was a contemporary of Vijayasena.
In all probability, Ishvaradatta either usurped sovereign power from Vijayasena demoting him to subordinate Kshatrapa stature or alternatively, captured a part of Western Kshatrapa territory and proclaimed himself as Mahakshatrapa.
In light of the above, it can be concluded that though Ishvaradatta minted the coins similar to the Western Kshatrapa coinage, the same cannot be considered as part of Western Kshatrapa coinage.
ReferencesAmiteshwar Jha & Dilip Rajgor (1994). Studies in the Coinage of the Western Kshatrapas.
Michael Mitchiner (1978). The Ancient & Classical World 600 BC- AD 650.
210) George V, Rs. 100, Madras, signed J. W. Kelly, About Very Fine. Realized- Rs. 1,90,000
195) Viceroy's Presentation Medal for Rifle Shooting,Very Fine. Realized- Rs. 1,40,000
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Are All 1000 Rupees in the Series 2AQ & 8AC Fake?Notes of
By Dilip Rajgor
It has been observed by most of us that whenever we make a cash payment in notes of 1000 Rupees, people invariably check their Serial numbers and than accept those notes. Throughout the country, whether in banks, petrol pumps or stores, people have kept a printout of these notes and written Serial Numbers, 2AQ and 8AC, stating that all these notes are counterfeit. Interestingly, no one knows the source of these two serial numbers. Moreover, many people have added many more Serial Numbers to this list of two. But what is the truth?
People cite the reference of the Reserve Bank of India and mention that the RBI has instructed accordingly not to accept these notes. But what the RBI has said in this connection?
The RBI in its letter dated May 26, 2009 to all Public, Private and Foreign Banks (a copy attached), clearly indicates that the ATS had seized (only) 345 counterfeit notes of these two series of the 2005-2006, signed by Dr. Y. V. Reddy.
In this connection the RBI has only requested the banks “that you may alert the staff handling cash of all your branches and ensure the use of Note Sorting Machines compulsorily”.
Does this mean that all notes in these two series are fake?
Importance of this RBI letter will be understood by those who have genuine notes of the series and no one accepts them!
So pass on this and keep a copy of this Gullak issue with you...
(Photo courtesy of the RBI letter - Shri Pawan Kumar)
thCommemorative Coins of the 150 Birth Anniversary of Rabindranath Tagore
By Ravi Shankar Sharma
New Commemorative coin of 150th birth anniversary of Rabindranath Tagore was released on 9th May 2010 at New Delhi. It is minted by India Government Mint, Kolkata.
Details of coins: Rupees 150: Quaternary alloy, 35 g, 44 mm, Circular, Milled; Rupees 5: Nickel-Brass, 6 g, 23 mm, Circular, Milled
Rare Coin Fetches Astronomical Price
By Adv. Ashok P. Shahani
A 1913 US Liberty Head nickel, once owned by King Farouk of Egypt changed hands for a price of $3.7 million at a Public Auction in Orlando, Florida, USA, conducted by the famous US Auction House, Heritage Auctions, based in Dallas, Texas.
The buyer who bid for the coin wished to remain anonymous. The above sum includes a 15% Buyer’s Premium.
This rare coin was minted in the Philadelphia Mint with the Miss Liberty design. It is one of the only five known coins of that specific date and design and hence a very rare coin.
"Shree Sadan" 26, P K Tagore Street, Kolkata-700 006
The Calicut Numismatic Society organized its first Calicut Coin Fest, the Exhibition of Coins and Stamps from 19-21 Feb 2010 at Calicut.
In the inaugural function, Sooraj K. welcomed the guests and collectors, followed by the Presidential address of Shri Surendra Rao. Shri T.C. Jose, the Asst Commissioner of Central Excise and Customs, released a souvenir called NUMISMA 2010 and presented to the Society Patron, Shri B. Girirajan. Prof. Johny G Vadakeyil was felicitated on the occasion. And in the end, vote of thanks was offered by Shri U. B. Nayak.
Following collectors exhibited their collections at the exhibition: Rajagopala Hebbar, Surendra Rao, E. K. Nawab, Ismail Basheer, Rajan, Prakash, M, T. Vinayakumar, Abdul Rasheed, Jamludeen, Abdul Latheef, Gilbert Samuel and Balu Vasudev. There was a special section for students of various schools wherein prizes were given to them. Another attraction of the exhibition was a Numismatic Quiz Competition for the students.
Commemorative Coins of the 125th Birth Anniversary of Dr. Rajendra Prasad
By Ravi Shankar Sharmath
On 28 Feb 2010, Hon. Vice President of India, Hamid Ansari on Sunday released at Patna commemorative coins of Rs. 5 and Rs. 100 denomination as a mark of respect to India's First President Dr. Rajendra Prasad. He released the coins at a function
thorganized by the State Government to commemorate the 125
rd th thbirth anniversary (3 Dec.) and 47 death anniversary (28 Feb) of Dr. Rajendra Prasad.
Dr. Prasad was born in 1884 at Zeradei in Bihar's Siwan district. After serving for 12 years as India's first president, from 1950 to 1962 he retired and was subsequently awarded the Bharat Ratna, the nation's highest civilian honour. He spent the last days of his life at the Sadaqat Ashram in Patna and died in 1963.
Details: Minted by the India Government Mint, Kolkata Rupees 100: 35 g, 44 mm, Circular, Milled; Rupees 5: 6 g, 23 mm, Circular, Milled
Valuation of Coins, Organizing, Display & Deciphering
Down the Memory Lane … Memoirs of Jagdish Agarwal - Part 3
Melting of Silver Coins
In 1966-67, silver prices were higher in Middle-East countries while gold was cheaper. So silver was smuggled to Dubai and gold was coming in exchange. Soon the coins began to disappear from the coin market. I remember one incident: I went to bullion market in Kolkata, saw 35-40 kg coins of Tripura; purchased some coins; went to my office; and sold them to my collectors. Next day I went again market to buy Tripura coins, and was shocked to know that it was melted last night. Another similar incident happened in 1975, when during Emergency and the faulty clauses of the Antiquity Act, many collectors had to melt their coin collections.
One more incident happened in 1980-81. During that time the silver prices were Rs. 2000 per kilo. Suddenly, within 10 days it rose to Rs. 6000/kilo. Rumor was that it will cross 10,000 due to sudden speculation in London market. However, many people thought the price will fall soon and melted down coins to make a quick profit. I know at least 3 dealers who had melted all their common coins and sold the silver at a higher price: One dealer in Kolkata had melted down as many as 20 kg of coins, while another dealer had melted down 80-90 kg of coins, while the third dealer from Indore had melted approximately 120 kg of Indian coins. Surprisingly, even 10 Rupee coins of Mahatma Gandhi were not spared. Fortunately, within next 10 days, the silver prices came to 2500/kilo and many dozens of Indian coins were saved from smelter's furnace.
Museums selling coins
Only two museums in India were selling coins to collectors. The first was Madras Museum and the second was Lucknow Museum. Many a times there prices of coins were so cheap that they were sold below metal prices. Fortunately, after 1973, they stopped selling their extra coins to collectors.
Mumbai Mint
In 1969-70, I received a circular from the Mumbai Mint. They had many dies of British India coins in their custody. It stated that if any collector wanted any coins from these dies, they will restrike them at a charge. For copper and nickel coins the charge was Rs. 45 per coin, and in case of silver and gold coins, the buyer will have to supply the metal and pay a charge of Rs. 45 per coin.
There were no dies 1939 Rupee coins beside it was not possible for me to send silver or gold to Mumbai, so I gave an order for 1920 Nickel ½ Rupee coins, and some uncommon dates of Victoria ½ Anna coins to be restruck. I sold these and charged Rs. 10 per coin as profit. Two dealers, one from Kolkata and another from Mumbai had different idea. They ordered William and Victoria gold coins in silver and copper, and some Victoria silver coins were struck in copper. They sold these coins as OMS/Pattern and Proof. Soon dealers from London came to know about this. They protested to mint. Finally this restriking was stopped in 1973-74.
Buy Books before coins
In 1970-71, Mr. Gouri Shankar Joshi was a new comer in coin market. He had made a good fortune in steel business and wanted to invest his money in coins. He did not know the ABC of coin market and trusted a couple of dealers. On their advice, he started buying coins in large quantity. He also purchased the whole stock of many dealers on blind faith without seeing the coins. Soon he realized that people had cheated him and his millions in coins were not better than a lakh. Naturally, he was shocked. In 1974-75, he shifted to Rajkot from Kolkata and died after a few months. His only son was so much fed up with the coins that he sold all his coins in metal market after his death.
In 1976 another gentleman, Mr. Kalyanmal from Mumbai came into coin market. He also made good money in iron and steel market like Mr. Joshi, and was a copy of Mr. Joshi in every way. He also lost his money due to the lack of right advisor and the cunningness of coin dealers.
18-20 years ago, I was sitting in the office of Mr. Rajendra Maheshwari (a senior coin collector in Mumbai). There I met Kalyanmalji. He showed me some coins and requested me to purchase at least something, as he needed money badly.
My collectors have blind faith on me, but always I tell them to study coins and their market before buying. After seeing the fate of Mr. Joshi and Kalyanmal, I wrote a slogan:
By Suneel V. GaurThe next time you come across a note of Rs. 100 or Rs. 50, don't just spend it. Take a close look first. If you spot any defect, you could make a quick buck, provided the note is genuine.
When errors creep into paper currency at the mint house, which is not very frequent, its value increases, says Rajesh Gaur, 36, a journalist by profession and avid collector of notes and coins.
Rajesh has many notes that have misprints or lack serial numbers. Then there are others that are double printed with a ghostly image of Gandhi.
The collection of Rajesh Gaur, a resident of Mumbai, boasts of notes from all over the world. My main focus is on the British India notes, the India Portuguese notes (brought out when Goa was being ruled by the Portuguese), and the Hyderabad notes, he says.
Besides banknotes, he likes to collect coins, Hindi film booklets (synopsis), and Hindi film posters.
Rajesh' collection includes an Indonesian notes featuring Lord Ganesh. This is an oddity as Indonesia is an Islamic country. I also have the smallest gold coin in the world, which is a Fanam from Karnataka, he says. My collection has the second biggest note in the world---- a 100 rouble note from Russia brought out in 1898, smilingly adds Rajesh.
Rajesh started collecting notes and coins 10 years ago. I was paying the bill at a local restaurant when I came across a Rs. 20 note with the serial number 111222, he says. Fascinated by the sequence, he hung on to it. He then started collecting notes with fancy numbers like 111111, 222222, etc. The number 786 is considered auspicious by Muslims and Rajesh has quite a few notes which feature the number 786786.
This is a hobby for all ages. He says. It is not only interesting but rewarding too. The value of the rare notes is always appreciating, he concludes.
Collectors' Paradise
Year 2 • Issue 5 • 1 May 2010 • Page 8/10 Gullak
Errors in the Commemorative sets Bhagat Singh - The Story ContinuesCoin of
PresidentUttaranchal Numismatic, Philatelic & Art Society (Regd.)
ANUJ SAXENA
Amazing Worldof Stamps,
Coins, Medals,Notes & Rare Books
Amazing Worldof Stamps,
Coins, Medals,Notes & Rare Books
In the last issue of Gullak, Ravi Shankar Sharma had pointed out major mistakes on the coins and boxes of Bhagat Singh coins. This matter was raised by the Times of India and other media. Subsequently, the Kolkata mint stopped the dispatch of these coins and arranged second set of presentation packs after rectifying the mistake. However, the Kolkata Mint has continued their chain of mistakes on the second sets of Proof and UNC Coin Sets of Bhagat Singh. The second sets of presentation pack also has five mistakes. The major mistake among the five is the spelling of word Sikh, which is written as Shikh in Devnagari This could hurt the religious sentiments of Sikhs and could snowball into a controversy. I understand that Kolkata Mint is now arranging third set of presentation packs. I hope it will be totally free of mistakes.
Restriking/Rebooking of Coin Sets by Kolkata Mint
By Ravi Shankar SharmaSr. Price Per Set Name & DenominationProof Set UNC Set
May 8-10 Pune Annual Coin Exhibition Numismatic Society of Maharashtra, Sanskrutic Bhavan, Chaturshrungi Temple, Senapati Bapat Road, Pune 16
May 14-15 London Joint Seminar of ONS & NSI Oriental Numismatic Society & Numismatic Society of India, British Museum, London
June 5 Mumbai Museum Coin Show Dinesh Mody Numismatic Museum
July 3 Mumbai Museum Coin Show Dinesh Mody Numismatic Museum
July 9-11 Nagercoil Kumaripex 2010 Kanyakumari District Philatelic & Numismatic Association, Valanar Thirumana Mandapam, Assisi Campus, Nagercoil (cell: 9843154344)
August 20-22 Ahmedabad Ahmedabad Coins & Currency Fair Twins Stamps & Coins at Hotel Comfort Inn President
September 23-26 Mumbai 8th Exhibition of Coins, Notes & Stamps Mumbai Coin Society at World Trade Centre, Cuffe Parade, Mumbai (coingallery@ hotmail.com)
October 1-3 Bangalore All India Numismatic Exhibition Karnataka Numismatic Society, Shikshak Sadan, K.G. Road, Opp. Cauvery Bhavan, Bangalore (Mahesh Jambulingam 094480 80502)
December 16-19 Mumbai 2nd Museum Coin Fair 2nd All-India Numismatic Conference and Museum Coin Fair, Dinesh Mody Numismatic Museum (drajgor@ hotmail.com)
Venue
Mangilal F. JainBuyers & Sellers of
Indian Old & New Paper Money, Coins, RBI Coin Sets & Fancy Notes
Hetal Coin CentreB2F Shree Ganesh CHS, M. P. Mill Compound, Tardeo, Mumbai 400034Mobile: 0 98205 54787 Res: 022-2352 6433
Ramesh K. Velunde
Calendar of Events 2010
Year 2 • Issue 5 • 1 May 2010 • Page 10/10 Gullak
Edited by Dr. Dilip Rajgor. Published, Printed and Owned by Parul D. Rajgor and published from Reesha Books International, 7-8-9, Reesha, Gupta Niwas, V.P. Road, Mulund (W), Mumbai - 400 080 INDIA • Telefax: +91-22-2561 4360 • Cell: +91- 98692 82585 • E-mail: [email protected] • Web: www.gullak.inISSN 0975-8062 • The opinions expressed and objects offered for sale are neither corroborated by the editor nor by the publisher. Readers’ discretion is solicited.
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The Gullak TeamEditor:Dr. Dilip Rajgor
Correspondents:
Narinderpal Singh LudhianaAdv. Ashok P. Shahani Mumbai
A. V. Jeyachandran Pondicherry Prashant Kulkarni Nagpur
Abdul Razak Shaikh Mumbai R. D. Bhatt New Delhi
Amol Bankar Pune Ravi Shankar Sharma Kolkata
G. Hemanth Chopra Chennai Sandip Jain Kolkata
Girish J. Veera Mumbai Shastri JC Philip Kochi
Girish Sharma Indore Shatrughan Jain Ahmedabad
Kaizad Todywalla Mumbai Shruti Jain New Delhi
K. K. Sevak Hyderabad Sudip Kheria Mumbai
Dr. Mahesh Kalra Mumbai T.M. Ravichandran Coimbatore
Malcolm Todywalla Mumbai
Jigar Desai is a collector from Mumbai and fancies anything that can attract his sharp eyes. He has done an extensive collection of modern Bus Coupons, Railway Tickets, and many collectibles like the ones displayed here.
The first image is a Western Railway Ticket from Mumbai CST to Dahisar. It was issued on the 5th May 2010 at 3:05 pm for Rs. 10/-. Numerically, it reads 05/05/2010 and 15:05 and everything ends up in 10: 5+5=10, 15-5=10, and Rs. 10 as the cost.
The second image is a Cheque of Corporation Bank in Mumbai with the Super-Fancy cheque Number, 786786.
Jigar collects such collectibles and makes sure To Be At Right Time at Right Place. He can be contacted at - [email protected]
